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Remember the tech boom? The NASDAQ was all the rage with five years
of unbelievable returns:
1995 -- 39.92%
1996 -- 22.71%
1997 -- 21.64%
1998 -- 38.63%
1999 -- 85.59% Greed was at its all-time high -- all aboard!
The peak on the NASDAQ was 5132.52 on March 10, 2000. The following
three years involved a type of emotional violence that few had ever
witnessed. I don't know one person who hung in there. Do you? As of
June 16, 2016, the NASDAQ is still lower than the peak in 2000.
2000 -- (-39.29%)
2001 -- (-21.05%)
2002 -- (-31.53%) Fear was at its all-time high -- everybody
overboard!
Three painful years, could you just hang in there?
Fear and greed drive investor emotions, which often leads to disastrous
results.
